Skeena Resources Limited Forecasted to Earn Q1 2024 Earnings of ($0.06) Per Share (TSE:SKE)

Skeena Resources Limited (TSE:SKE) – Equities research analysts at Raymond James reduced their Q1 2024 earnings per share estimates for Skeena Resources in a report issued on Tuesday, April 23rd. Raymond James analyst C. Stanley now forecasts that the company will earn ($0.06) per share for the quarter, down from their prior estimate of $0.05. The consensus estimate for Skeena Resources’ current full-year earnings is ($0.49) per share. Raymond James also issued estimates for Skeena Resources’ Q2 2024 earnings at ($0.06) EPS, Q3 2024 earnings at ($0.03) EPS, Q4 2024 earnings at ($0.04) EPS and FY2024 earnings at ($0.19) EPS.

A number of other research firms have also recently issued reports on SKE. Canaccord Genuity Group boosted their target price on Skeena Resources from C$14.75 to C$17.00 in a research note on Tuesday. Desjardins boosted their target price on Skeena Resources from C$18.25 to C$19.75 and gave the company a “buy” rating in a research note on Tuesday, January 30th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Skeena Resources currently has a consensus rating of “Buy” and an average target price of C$16.39.

Skeena Resources Trading Up 0.5 %

TSE SKE opened at C$6.36 on Friday. Skeena Resources has a 12 month low of C$4.20 and a 12 month high of C$10.38. The company has a current ratio of 1.35, a quick ratio of 1.55 and a debt-to-equity ratio of 2.27. The company has a market capitalization of C$573.80 million, a PE ratio of -5.68 and a beta of 1.67. The stock has a 50-day simple moving average of C$5.88 and a 200 day simple moving average of C$5.79.

Skeena Resources (TSE:SKE) last released its quarterly earnings data on Monday, April 1st. The company reported C($0.37) EPS for the quarter.

Insider Buying and Selling

In related news, Senior Officer Randy Reichert sold 53,100 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of C$6.30, for a total transaction of C$334,476.90. 1.79% of the stock is owned by corporate insiders.

About Skeena Resources

Skeena Resources Limited explores for and develops mineral properties in Canada. The company explores for gold, silver, copper, and other precious metal deposits. It holds 100% interests in the Snip gold mine comprising one mining lease and four mineral tenures that covers an area of approximately 1,932 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,096 hectares located in British Columbia, Canada.